Price for Powders of Pig Iron in the United Arab Emirates - 2021

Contents:

1. Price for Powders of Pig Iron in the United Arab Emirates (FOB) - 2022
2. Price for Powders of Pig Iron in the United Arab Emirates (CIF) - 2022
3. Exports of Powders of Pig Iron in the United Arab Emirates
4. Imports of Powders of Pig Iron in the United Arab Emirates

Price for Powders of Pig Iron in the United Arab Emirates (FOB) - 2022

In 2022, the average powders of pig iron export price amounted to $674 per ton, which is down by -25.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 636%. As a result, the export price attained the peak level of $5,348 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +5.0% per year.

Price for Powders of Pig Iron in the United Arab Emirates (CIF) - 2022

The average powders of pig iron import price stood at $3,051 per ton in 2022, shrinking by -11.3% against the previous year. Overall, the import price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 109% against the previous year. The import price peaked at $3,611 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($5,647 per ton), while the price for Germany ($881 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Powders of Pig Iron in the United Arab Emirates

In 2022, powders of pig iron exports from the United Arab Emirates skyrocketed to 121 tons, picking up by 190% compared with the year before. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,143% against the previous year. As a result, the exports reached the peak of 200 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, powders of pig iron exports surged to $82K in 2022. Overall, exports, however, recorded a slight decline.

Top Export Markets for Powders of Pig Iron from the United Arab Emirates in 2022:

1. Sweden (59.8 tons)

Imports of Powders of Pig Iron in the United Arab Emirates

In 2022, imports of powders of pig ira into the United Arab Emirates expanded remarkably to 962 tons, rising by 7.7% on the year before. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, powders of pig iron imports fell to $2.9M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.8% against the previous year. As a result, imports reached the peak of $3.1M, and then contracted in the following year.

Top Suppliers of Powders of Pig Iron to the United Arab Emirates in 2022:

1. Denmark (232.1 tons)
2. Germany (120.3 tons)
3. Turkey (7.2 tons)

Source: IndexBox Market Intelligence Platform